Ultra Petroleum (UPL) Message Board

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Gold/Mining/Energy : Ultra Petroleum (UPL)

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To: Gerald Atwater who wrote (4209)	8/2/1999 12:35:00 PM
From: Hickory	Read Replies (1) of 4851

Gerald, Thanx for the Adda addy. However, they don't provide any news on the Cottonwood and Luman wells more recent than last August. In the oil patch no news is bad news. And the Daniel well has been given back to the landowner. UP's huge acreage may turn out to be little more than that--huge acreage, especially now that they have almost given away a 50% share of their few prolific producers. More and more an investment in UP is looking like a dry hole for stockholders. My guess is that Anschutz and Questar will gradually take over most of the company at bargain prices and then exploit the more prospective of its forked-over landholdings. Them that has, gits more and them that hasn't lose what little they had. Cash is king! and UP don't have enuf cash to do much of anything.

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